Friday, October 25, 2013

Foundry Group Closes Fourth Fund, Worth $225M

Boulder-based venture capital investor Foundry Group announced this morning that it has closed its fourth fund, Foundry Group Select, at $225M. According to Foundry Group, the new fund is different than its prior funds, in that it will invest solely in Foundry Group and previous funds' portfolio companies, which have "achieved significant success". Foundry said the new fund will allow it to put up to $25M into late stage growth funding by those companies, and opens up the ability to invest more in those later stages. The firm's existing funds are all focused on early stage investments, rather than later stage, growth opportunities.